Form 4: Hanwha Aerospace Boosts NextDecade Stake

Hanwha Aerospace Co., Ltd., a 10% owner and director, increased its direct beneficial ownership in NextDecade Corp by acquiring over 1.6 million shares of common stock.

Summary

• Hanwha Aerospace Co., Ltd. acquired 851,971 shares of NextDecade Corp common stock on December 11, 2025, at a weighted average price of $5.8313 per share.
• An additional 800,000 shares were acquired on December 12, 2025, at a weighted average price of $5.5391 per share.
• These transactions increased Hanwha Aerospace's direct beneficial ownership to 26,420,222 shares.
• The reporting person also indirectly holds 17,536,369 shares through Hanwha Ocean LLC.
• The total beneficial ownership, direct and indirect, amounts to 43,956,591 shares.

Sentiment

Score: 8

Explanation: The significant insider buying by a major shareholder and director, Hanwha Aerospace, indicates strong confidence in NextDecade's future prospects and valuation. This is generally viewed as a very positive signal by the market.

Positives

• Significant insider buying by a 10% owner and director, indicating strong confidence in NextDecade Corp's future prospects.
• Increased direct stake by 1,651,971 shares.
• The purchases were made at prices ranging from $5.4500 to $6.1200, suggesting a belief in value at these levels.

Risks

• The reporting person disclaims beneficial ownership of all securities covered by this filing for Section 16 purposes, except to the extent of its pecuniary interest.
• Hanwha Aerospace Co., Ltd. may be deemed a member of a 'group' that beneficially owns more than 10% of outstanding shares, but disclaims membership in any such group, which could imply potential future complexities or regulatory scrutiny regarding group ownership.

Future Outlook

The filing does not contain explicit forward-looking statements or guidance from NextDecade Corp. However, the significant insider purchases by Hanwha Aerospace Co., Ltd. may be interpreted as a positive signal regarding their outlook on NextDecade's future performance and valuation.

Management Comments

• "This filing shall not be deemed an admission that the reporting person is the beneficial owner of all securities covered by this filing for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the 'Exchange Act'), or otherwise, or is subject to Section 16 of the Exchange Act. The reporting person disclaims beneficial ownership of the securities reported herein, except to the extent of its pecuniary interest therein."
• "The reporting person may be deemed a member of a 'group' (as such term is used in Section 13(d) of the Exchange Act and the rules promulgated thereunder) that beneficially owns more than 10% of the outstanding shares of Common Stock. The reporting person disclaims membership in any such group."

Industry Context

This insider buying by a significant shareholder like Hanwha Aerospace Co., Ltd. in NextDecade Corp, a company focused on LNG development, could signal strong confidence in the long-term demand for natural gas and the successful execution of NextDecade's projects, such as the Rio Grande LNG facility. It suggests a strategic alignment and belief in the company's position within the evolving global energy landscape, particularly as energy security and transition remain key themes.

Stakeholder Impact

• Shareholders: Increased confidence due to significant insider buying, potentially leading to positive share price movement.
• Management: Reinforces alignment with a major strategic investor.

Next Steps

• The filing itself does not detail future actions or milestones for NextDecade Corp. However, the reporting person's continued accumulation of shares suggests a long-term strategic interest in the company.

Key Dates

Recommendation

The substantial acquisition of over 1.6 million shares by Hanwha Aerospace Co., Ltd., a 10% owner and director of NextDecade Corp, at prices ranging from $5.45 to $6.12, represents a strong vote of confidence from a sophisticated investor. Such significant insider buying often precedes positive developments or reflects a belief that the stock is undervalued. This action suggests a favorable long-term outlook for NextDecade, making it an attractive 'buy' for investors seeking exposure to the LNG sector with strong insider backing.

Keywords

NextDecade Corp, NEXT, Hanwha Aerospace, Insider Buying, Form 4, Beneficial Ownership, Stock Acquisition, LNG, Energy Sector